The global metal deactivator market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Key drivers for the market growth include growth in industrialization, increasing usage of non-ferrous metals such as aluminum, copper, and non-ferric alloy in several industries, growing demand from various end user industries and rapid growth of polymer and automation industries. However, factors such as less availability of raw materials restricts the market growth.
Global metal deactivator market segmented on the basis of metals, formulation, end user and region.
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Aviation Dominate the Global Metal Deactivator Market
Based on end user, global metal deactivator market segmented into automotive, aviation, food & agriculture, industrial, polymers and others. Aviation held considerable market growth during estimated period. In modern aircraft fuel systems, the fuel is used as a heat transfer medium to dissipate heat from the avionics and hydraulic systems. Under these conditions, the fuel can undergo autooxidations. Autooxidations of net fuel can result in the formation of insoluble gum and sediment which can impair operation of the jet engine. Metal deactivator were developed to counteract the catalytic activity of dissolved metals.
Asia Pacific Leads the Global Metal Deactivator market
PBI’s global metal deactivator market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global metal deactivator market with considerable CAGR. The growth in this region is due to expansion of polymer, automotive & aviation sectors and high industrialization rate. Also, increasing demand from end user industries further enhances the market growth. In addition, North America held considerable market share during estimated period owing to broad applications of metal deactivators in automotive, oil refineries, and polymer industries.
Launch of newer products, frequent product approvals, patent filings, and strategic alliances are the key strategies adopted by market players
Global metal deactivator market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player’s profiles in the report are Innospec Inc., BASF SE, Adeka Corporation, Dorf Ketal, PMC Specialties Group Inc., Afton Chemical Corp, The Lubrizol Corp, R.T.Vanderbilt Co. Inc., Clariant AG and Lubrizol Corporation.
Precision Business Insights (PBI) in its report titled “Global Metal Deactivator Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
o Water Based
o Oil Based
By End User
o Food & Agriculture
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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